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Trump Wants Faster Growth. The Fed Isn't So Sure.
The New York Times: WASHINGTON — For President Trump and his economic advisers, the strong February jobs report was a cause for celebration — and a first step toward delivering on the president’s promise of faster economic growth.
For the Federal Reserve, it was the final confirmation that the time had come to raise interest rates to prevent the United States economy from overheating.
Mr. Trump and Janet L. Yellen, the Fed’s chairwoman, appear to be headed toward a collision, albeit in slow motion. Mr. Trump has said repeatedly that he is determined to stimulate faster growth while the central bank, for its part, is indicating that it will seek to restrain any acceleration in economic activity.
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